Avedon Capital Partners and Management have sold CycloMedia, an international provider of accurate geospatial imagery-data and data analytics to Volpi Capital, a European growth investor, based in London, UK.
Both Management and Avedon are pleased with this transaction which confirms the value creation strategy that was actively pursued in partnership.
Founded in 1980 and based in the Netherlands, CycloMedia provides a rich end-to-end B2B geo-data and software platform and has an established presence in the US, Dutch, German and Scandinavian markets. Using proprietary cloud-based technologies, CycloMedia’s high accuracy data sets allow governments and enterprises to assess, analyse and measure physical infrastructure, including buildings, roads and other assets, remotely, and on any device. CycloMedia is uniquely global in its ability to deliver its customers actionable insights from geo-data rapidly and at scale.
Based on its unique technology platform and well-established market position in the Netherlands with many long-lasting customer partnerships, CycloMedia has doubled its sales over the last 4 years. In partnership with Avedon Capital Partners, CycloMedia has achieved strong organic expansion in the US, where revenue has doubled annually in the last two years, and in Germany, starting and scaling local operations successfully. CycloMedia has further invested in its world-leading technology platform, accelerating the scalability of the company by renewing its end-user Content-as-a-Service platform, introducing geo-referenced object databases using object recognition and AI analytics, and developing a next generation of capturing systems. On the back of the investments in R&D and sales, CycloMedia’s customer base has been expanding continuously with important customers like New York City, Washington DC, Amsterdam, Rotterdam, Frankfurt and Stuttgart, as well as enterprise customers.
Michel Verhoog of Avedon Capital Partners, says: “We have supported CycloMedia’s transition from an R&D focused Dutch oriented organisation into an international company far ahead of the game in terms of technology leadership. The transition has resulted in strong growth, especially in the US, which has been very exciting with an impressive client base to show for it. We are proud of what Frank Pauli, the management team and the employees of CycloMedia have achieved.”
“We would like to thank Avedon for supporting us in bringing the company where we are today by entering new markets, investing in new technologies and substantially expanding the organisation. We are pleased to have Volpi Capital on board, and look forward to working with them as we continue to scale our presence globally” said Frank Pauli, Chief Executive Officer of CycloMedia.